Tag: airline
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Brazil Considers Raising Foreign Investment Limit On Airlines
Brazil plans to propose to Congress in the first half of the year an increase in the foreign ownership of local airlines, in a move to help the struggling sector.The government continues to discuss the percentage increase in foreign ownership, but believes an increase from the current 20 percent limit is key to bolster investment…
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United Airlines to Buy 5% stake in Brazil’s Azul Linhas Aéreas
Azul Linhas Aéreas and United Continental (NYSE:AUL) announced an agreement on Friday under which the US company will buy 5 percent of the Brazilian company’s capital for $100 million. Azul is the third-largest airline in Brazil and operates more than 900 daily flights in Brazil to 105 different destinations with its fleet of 145 commercial aircraft. Through…